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Gasoline Supply Rises to 18-Year High in Survey

Investing News Network
Feb. 08, 2011 10:39AM PST
Resource Investing

Bloomberg reports that U.S. gasoline stockpiles probably climbed last week to the highest level in almost 18 years as demand from motorists declined.

Bloomberg reports that U.S. gasoline stockpiles probably climbed last week to the highest level in almost 18 years as demand from motorists declined.

The market news is quoted as saying:

Gasoline stockpiles have climbed in 10 of the past 11 weekly reports from the department as refinery output outpaced demand.

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